Thursday, August 7, 2014

Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle.The Cliffs board of directors named Goncalves as chairman, president and chief executive officer, effective immediately.Goncalves was the preferred CEO candidate of Casablanca, the hedge fund investor that last week succeeded in getting a majority of its nominees appointed to the board.Goncalves, a former CEO of Metals USA Holdings Corp, a manufacturer of steel and other metals, said in a statement he intended to refocus Cliffs "on a new strategic path" that builds on its strengths.

Cliffs Natural Resources Inc. is an international mining and natural resources company. Shares of CLF fell by 0.23% or $-0.0396/share to $17.11. In the past year, the shares have traded as low as $13.60 and as high as $28.98. On average, 5313800 shares of CLF exchange hands on a given day and today's volume is recorded at 1282100.

Murphy USA Inc. consist primarily of retail marketing of motor fuel products and convenience merchandise through a large chain of 1,172 retail stations owned and operated by Murphy USA, almost all of which are in close proximity to Walmart stores. Shares of MUSA traded higher by 4.32% or $2.14/share to $51.70. In the past year, the shares have traded as low as $36.12 and as high as $52.73. On average, 484281 shares of MUSA exchange hands on a given day and today's volume is recorded at 289816.

Please Donate

Article Archive

The reports on this site are for information purposes only and are not a recommendation for the purchase of securities. The information contained in these reports have been gathered from sources we believe to be reliable, however, we make no guarantee as to the accuracy or completeness to such information.